Overview
What is Madison Park Housing Inc?
Madison Park Housing Inc is a nonprofit organization situated in Oakland, California, specifically at 1825 SAN PABLO AVENUE SUITE 200. Their primary mission is to contribute to the rental income and losses of various affordable housing projects. This organization is committed to providing low-income housing, and it participates in partnerships for the development and operation of such housing projects. By collaborating in these partnerships, Madison Park Housing Inc aims to contribute to addressing the housing needs of individuals with limited financial resources.
Is Madison Park Housing Inc legitimate?
Madison Park Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Park Housing Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Madison Park Housing Inc?
Madison Park Housing Inc's mission is centered around providing low-income housing. The organization actively participates in partnerships with the primary objective of developing and managing affordable housing projects. By doing so, Madison Park Housing Inc shares in the rental income and any potential losses associated with these projects. This endeavor aims to contribute to the provision of affordable housing options for individuals who may not otherwise have access to such resources.
Who is the CEO of Madison Park Housing Inc?
Andre H Madeira is the CEO of Madison Park Housing Inc The CEO's salary of Madison Park Housing Inc is $57,828 and their total compensation is $58,881.
What is the revenue of Madison Park Housing Inc?
Madison Park Housing Inc's revenue in 2023 was $4,355,927.
Who are the executives of Madison Park Housing Inc and what are their salaries?
Here are 7 key members and their salaries (Madison Park Housing Inc's CEO's salary is $57,828 and their total compensation is $58,881):
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- Compensation: $223,500
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- Other: $1,740
- Compensation: $57,828
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- Other: $1,053
- Compensation: $63,462
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- Other: $800
Where can I find the form 990 for Madison Park Housing Inc?
Madison Park Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Madison Park Housing Inc
Madison Park Housing Inc, as a nonprofit organization, is committed to participating in partnerships aimed at developing and operating low-income housing. Their mission is twofold: firstly, they engage in collaborative efforts to create affordable housing solutions; secondly, they share in the financial aspects of these projects, including rental income and potential losses. By doing so, Madison Park Housing Inc contributes to making housing accessible for individuals with limited financial resources.
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Impact
October, 2024
Madison Park Housing Inc significantly impacts the community by providing low-income housing options that address housing insecurity and promote stability for vulnerable populations. By participating in partnerships for the development and operation of affordable housing projects, Madison Park helps improve the quality of life for low-income residents in Oakland, CA.
The organization’s approach includes sharing in the rental income and losses of several housing projects, ensuring that resources are effectively utilized to sustain these essential services. This model not only creates affordable living spaces but also fosters a sense of community and belonging among residents. By focusing on low-income housing, Madison Park Housing Inc contributes to reducing homelessness and improving accessibility to safe and affordable living environments.
This information is meant to be a general summary of Madison Park Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $4,355,927
- Gross Receipts: $4,355,927
Assets and Liabilities:
- Total Assets: $4,339,730
- Total Liabilities: $0
- Net Assets: $4,339,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME FROM INVESMENTS
Revenue
$4,355,927
Organization Details
Founding Year
1988
Principal Officer
Lina Sheth
NTEE Category
Code: L21 - Housing
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